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WM to Acquire Stericycle, a Leader in Medical Waste Services, for $7.2 Billion

Vinson & Elkins advised Waste Management, Inc. (“Waste Management”) in connection with the entry by Waste Management into a definitive agreement with Stericycle, Inc. (“Stericycle”) pursuant to which a subsidiary of Waste Management will acquire all outstanding shares of Stericycle for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion when including approximately $1.4 billion of Stericycle’s net debt.

The transaction is expected to close as early as the fourth quarter of 2024, subject to the satisfaction of customary closing conditions.

The Vinson & Elkins team was led by partners Steve Gill, Doug McWilliams, Ron Tenpas and Palmina Fava, with assistance from associates Chandler Jones, John Sasso, Phil Greenfield, Lauren Perillo and Jack Kimmel. Also advising were associate Tiffany Monroy; partner David D’Alessandro, counsel Melissa Spohn and associates Hayden Rutledge and Henry Crowell; partner Matt Dobbins and associate Kevin Moscon; partner Becky Baker and associates Ashley Plunk and Jordan Peck; partners John Lynch, Lina Dimachkieh, counsel Peter Rogers and associate Steve Campbell; partner Dave Wicklund and counsel Zach Banks; partner Jamie Leader and associates Maggie Eller and Josh Hasler; partner Prentiss Cutshaw, counsel Ken Adler and senior associate Bryant Buechele; counsel Rajesh Patel and associate Haley Titcomb; and partner Michael Kurzer and associate Sean Dao.

About Vinson & Elkins
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